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be -- if you raise the rates up to the clinton levels for the top two percent you make 82 billion a year. that is not enough to close the gap . washington post on the editorial page. we looked at what the president suggested and republicans suggested it is nice that they are starting to talk. but the numbers have to be a lot bigger . you need real tax reform. >> gretchen: he won the election with that argument. >> steve: republicans won the congress with their argument that they didn't want to raise the rates. >> brian: if you want to know what the president things. you can go flip channels and find out about the briefing and the president's stance on taxes and goal with the economy and maybe what he will say in the inauguration. look who was invited to the white house >> chris: who was left to run msnbc. >> happy and ed and arihanna huffington. i don't know if the white house released the fact. but someone from the blog sites saw it. and so wait a minute what is going on. yeah, we were invited for not a strategy but just to explain. >> gretchen: i don't know why anybody. >> brian: five
representative cole if we restore the clinton tax rates today than in ten years, 2022, we have the deficit where it should be. >> guest: he is certainly correct to generate a great deal more revenue. if we did that let's say they made for under $50,000 that is a 2,000-dollar tax increase and again i don't think the president wants to do that. he said he doesn't want to do that our side doesn't want to do that. you know, going back to the clinton tax rate, and remember the average american family has taken a terrific hit. the median household income for years ago when the president became the president was around $54,000 a year and is about 50 now. so this portion of the population which is gotten squeezed tremendously i don't think adding an extra tax at the 98 percent is going to, number one, be very helpful to the more helpful to the economic growth. number two it's how much you want the folks to pay? so again, freezing those tax rates with an overwhelming majority of americans is a smart thing to do, we ought to do it and both sides say they want to. >> host: and you said earlier on -- >> gue
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